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12508 Limonite Ave 3,838 SF Retail Building Eastvale, CA 91752 For Sale
Investment Highlights
- Long Term Ground Lease
- Thriving Retail Market
- High Visibility Location
- Six (6) Five-Year Auto Renewal Options extending the lease to 2061
Executive Summary
The property is occupied by McDonald's under a long-term ground lease featuring six (6) automatic five-year renewal options, requiring no notice to extend and providing tenancy through 2056.
Eastvale, a thriving city in Riverside County, California, presents a compelling opportunity for retail investment. Its affluent population (median household income of $156,922), steady growth (71,158 residents in 2024), and strategic location with easy freeway access (15, 60, 71, and 91) drive strong demand. Retail rents average $32.00/SF triple net, exceeding the Inland Empire average by 15%, while vacancy rates remain low at 4.8%. Recent sales activity, including $58 million in the first three quarters of 2024, underscores the city’s appeal.
Eastvale Gateway South is part of the larger Eastvale Gateway retail hub; one of the Inland Empire’s premier power centers, strategically located at the high-traffic intersection of Limonite Avenue & Hamner Avenue in the rapidly growing City of Eastvale. The center benefits from direct visibility and easy access to the Ontario Freeway (I-15), the primary north–south corridor serving western Riverside and San Bernardino Counties.
This strategic placement allows the property to draw from several dense, high-income trade areas, including Eastvale, Mira Loma, Ontario, Corona, Norco, and Chino. The center records over 10 million annual visitors, driven by its powerhouse tenant mix and its proximity to SilverLakes Sports Park, which alone draws 1 million visitors per year. The center also benefits from extremely strong vehicular traffic counts, with a prime intersection generating 162,384 cars per day (CPD), making it one of the highest-visibility retail locations in the Inland Empire.
Eastvale offers a robust market for premium retail, dining, and entertainment, supported by ongoing housing development.
Eastvale, a thriving city in Riverside County, California, presents a compelling opportunity for retail investment. Its affluent population (median household income of $156,922), steady growth (71,158 residents in 2024), and strategic location with easy freeway access (15, 60, 71, and 91) drive strong demand. Retail rents average $32.00/SF triple net, exceeding the Inland Empire average by 15%, while vacancy rates remain low at 4.8%. Recent sales activity, including $58 million in the first three quarters of 2024, underscores the city’s appeal.
Eastvale Gateway South is part of the larger Eastvale Gateway retail hub; one of the Inland Empire’s premier power centers, strategically located at the high-traffic intersection of Limonite Avenue & Hamner Avenue in the rapidly growing City of Eastvale. The center benefits from direct visibility and easy access to the Ontario Freeway (I-15), the primary north–south corridor serving western Riverside and San Bernardino Counties.
This strategic placement allows the property to draw from several dense, high-income trade areas, including Eastvale, Mira Loma, Ontario, Corona, Norco, and Chino. The center records over 10 million annual visitors, driven by its powerhouse tenant mix and its proximity to SilverLakes Sports Park, which alone draws 1 million visitors per year. The center also benefits from extremely strong vehicular traffic counts, with a prime intersection generating 162,384 cars per day (CPD), making it one of the highest-visibility retail locations in the Inland Empire.
Eastvale offers a robust market for premium retail, dining, and entertainment, supported by ongoing housing development.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,838 SF
Building Class
C
Year Built
2011
NOI
$101,095
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.80 AC
Zoning
C-P-S
Parking
30 Spaces (7.82 Spaces per 1,000 SF Leased)
Frontage
131’ on Limonite Ave
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
McDonald's began in 1940 when Richard and Maurice McDonald opened a restaurant in California. The modern corporation formed in 1955 when Ray Kroc joined as a franchise agent and later purchased the company. Today, it operates numerous locations worldwide through a franchise model. While primarily a fast food chain, McDonald's also generates income from owning many restaurant properties. The company has maintained its core menu while adapting to international markets. McDonald's remains one of the most recognizable brands in the global food service industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 152-650-013 | Improvements Assessment | $1,923,717 |
| Land Assessment | $1,115,896 | Total Assessment | $3,039,613 |
Property Taxes
Parcel Number
152-650-013
Land Assessment
$1,115,896
Improvements Assessment
$1,923,717
Total Assessment
$3,039,613
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